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Volkswagen: Difference between revisions
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Apparently, VFS has given a lower guidance compared to what was given by Volkswagen Group during its earnings call. "For the Financial Services Division, we forecast a strong increase in sales revenue compared with the prior year and an operating result in the range of € 3.5 billion." Volkswagen Group said in its report. That would be year-over-year growth of 9.4%<ref>https://amc.volkswagen-group.com/en/volkswagen-group-annual-media-conference-2023-15550<nowiki/>(page 233)</ref>. On the other hand, VFS has said that its 2023 operating result will be "much stronger lower than in the previous year", without giving specifics<ref>https://www.vwfs.com/en/investor-relations/volkswagen-financial-services-ag/annual-reports.html<nowiki/>(page 54)</ref>. | Apparently, VFS has given a lower guidance compared to what was given by Volkswagen Group during its earnings call. "For the Financial Services Division, we forecast a strong increase in sales revenue compared with the prior year and an operating result in the range of € 3.5 billion." Volkswagen Group said in its report. That would be year-over-year growth of 9.4%<ref>https://amc.volkswagen-group.com/en/volkswagen-group-annual-media-conference-2023-15550<nowiki/>(page 233)</ref>. On the other hand, VFS has said that its 2023 operating result will be "much stronger lower than in the previous year", without giving specifics<ref>https://www.vwfs.com/en/investor-relations/volkswagen-financial-services-ag/annual-reports.html<nowiki/>(page 54)</ref>. | ||
== Management == | |||
May 6, 2023: Volkswagen to fire all but one of the management members of its software division Cariad this week, people familiar with the matter said. The move comes after Cariad exceeded its budget and failed to meet its goals. Cariad problems have delayed releases of new models such as Porsche e-Macan and Audi Q6 e-tron. The officials to be ousted include Cariad's CEO Dirk Hilgenberg, CFO Thomas Sedran, and CTO Lynn Longo<ref>https://finance.yahoo.com/news/vw-fire-top-executives-software-105750810.html</ref>. | |||
==References== | ==References== | ||
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